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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year standard & poor's upgraded greeces bond rating europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly. whic
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things...
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Dec 31, 2012
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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year, standard & poor's upgraded greeces bond rating, europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly.
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those...
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now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe investments. but other things that are traditionally considered to be safe like utility stocks and reit, things that are really dependent upon the cost of long-term money, we think durable. gerri: volatility can be your friend. >> because down or volatility can create buying a virginities if you are positioned for a. buy things lower. buy low and sell high. gerri: that is always the case. to you as you lookkat this market going forward. we just showed these numbers. up 13% on nasdaq at 17. what is interesting about this is that i don't b
now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe...
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we want to continue to keep avenues of adoption open for children from russia, from china, from romania, etc. people may be wondering, senator, you're so bold about speaking about this, do children from america, are children from america adopted overseas? the answer is yes. not many, but under the international treaties of the rights of the child to a family, we need to be open to have american children if they can't find an adoptive home here, to be able to go to other countries. but the most important thing is to know that americans step up every day to adopt american children, both infants, teenagers, and even i've known of adoptions of children that were 22 and 23 years old. when are you ever too old to need a mother and a father? but what the action that the russian duma has taken is -- it's a travesty and it's incomprehensible that any government could would take their anger out on another another country against the children of their own country. we hope they will reconsider. we hope the people of russia will rise up and tell their government absolutely not, take your anger out i
we want to continue to keep avenues of adoption open for children from russia, from china, from romania, etc. people may be wondering, senator, you're so bold about speaking about this, do children from america, are children from america adopted overseas? the answer is yes. not many, but under the international treaties of the rights of the child to a family, we need to be open to have american children if they can't find an adoptive home here, to be able to go to other countries. but the most...
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Dec 31, 2012
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who would have guessed that china would have been a better place. guess what, so do we. or at least, a lot of people suspect we do be do do we get a deal? >> yes, we get a deal. it looks bad for everybody. 2013 will not be a good year for the president or republicans. stuart: this is varney and company. keep things short. don't we, dagen. dagen: if you are the one who dropped dead, it is your heirs who are in trouble. [ laughter ] stuart, happy new year. i am dagen mcdowell. bring in joe biden, the vice president called in to help with the negotiations. maybe we see some movement in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> good morning. searching for direction. not a big surprise for new year's eve. we have seen the dow
who would have guessed that china would have been a better place. guess what, so do we. or at least, a lot of people suspect we do be do do we get a deal? >> yes, we get a deal. it looks bad for everybody. 2013 will not be a good year for the president or republicans. stuart: this is varney and company. keep things short. don't we, dagen. dagen: if you are the one who dropped dead, it is your heirs who are in trouble. [ laughter ] stuart, happy new year. i am dagen mcdowell. bring in joe...
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you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob
you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks,...
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Dec 31, 2012
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CNBC
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china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic indicators up, what they're doing with the job is good, performance is good. asia will take a while, to the end of 2013. we'll see good entrepreneurial activity. that's going to depend on good performance in stocks. >> it will appreciate even with weaker economy or, you know, stagnated economy because there's not much growth to be accepted from all europe, you know, obviously call europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., euro and particularly euro
china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic...
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. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics a
. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well...
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china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearl
china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market,...
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so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a company able to operate and deliver earnings and dividends in a variety of market conditions. ashley: yes. >> and we see that a lot with the consumer, both consumer staples and consumer discretionary. one stock we really like is safeway. now it has been beaten down, i know, but it has, but this is the value. this is where to get in. so that is one of our stocks that we like. another one we also like is staples. not quite as beaten down but done very well in a variety of market conditions. you still need office supplies. no matter what. we're still going to
so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a...
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. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they
. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on that. it sounds like a small summit. it is a low growth rate. which rain nobles in particular do you see having that sort of potential? >> double energy demand in world. they supply 30's are of it from renewables. it takes everything. yet here is part of that. there are some breakthroughs coming through. -- wind is part of that. there are some breakthroughs coming through. all of these are important. they all need additional technology applied to them. it is always interesting to see what we as a company do. our focus when it comes to the idea of why we would push renewables our focu
we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on...
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you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies. >> that's absolutely right. apple and microsoft, for example,enefited early on from high income individuals pumping and a few hundred thousand dollars to help those companies get started and grow. those high income people could alternatively put their money in and say tax-free muni bonds. if we raise the capital gains tax rates, which people are going to say, i'd rather put my money in state muni bos. i'm not i am not going to fund these risky growth companies, which would be terrible for the overall economy. gerri: i think your best argument is lower capital gains means more jobs. i think that is appea
you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies....
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play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opportunity -- we think there's huge opportunity
play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what...
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healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you rightly know, ali, it's not a cliff, it's a slope. it's an ever-increasing slope over several months. you don't even have to wait long. you've only got to see what would happen when the social security withholdings start increasing, the withholding tax starts to move up. then you see that boomeranging effect we talked about. >> you and i have made fun of a lot of the europeans who have not been able to get their act together. when you look at the united states, who's messing it up more? >> i
healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal...
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china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no time to finish that. irs moved back withholding tables. there is still a few days. deal that raises taxes increases spending and ignores entitlement reforms i'm a no on any deals. david: no on deals from all three of you guys. wish we had better news to report but happy new year. keep it real at least for the new year. congressman huelskamp, mulvaney and kucinich. liz: thank you for your presence on the show. >> thank you. liz: while the world is watching the clock closely while we face the fiscal cliff deadline, wilbur ross says there is looming deadline that could cause the u.
china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no...
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china has the ninth month abortions. when you destroy life on young side is not too far distance to go to the strait of the old site. i think some of that is happening. adam: do you think anybody will take that seriously? >> we will see what happens. >> is serious side of you. >> there is. very serious. adam: let's talk about kim kardashian. is the talk of the town. after eight months, kim is having a baby. the rapper announced it last night at a concert in atlantic city. kim's family has been tweeting their excitement. david, are you aware that the greatest contribution to mankind is a videotape. >> first of all, i didn't even know that she wasn't married. she's married to somebody else. so what married to people with whom there not. >> an artist. >> a fine example. >> right. >> have you seen that movie? i haven't. >> its online. it runs on cinemax after 2:00 a.m. >> another baby, another reality show. >> it is almost like a disease that will go away. enough of them already. >> enough of them. >> although he would lose
china has the ninth month abortions. when you destroy life on young side is not too far distance to go to the strait of the old site. i think some of that is happening. adam: do you think anybody will take that seriously? >> we will see what happens. >> is serious side of you. >> there is. very serious. adam: let's talk about kim kardashian. is the talk of the town. after eight months, kim is having a baby. the rapper announced it last night at a concert in atlantic city....
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part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what this could mean next. >>> plus a shell oil drill ship stranded at sea. how it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president o
part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what...
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we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there is going to be a tax increase for a certain group of people. would i be willing to say yes to that? i think the answer is yes, if the expenditures really -- and i mean by a big margin, really go down so that this country could become balanced. we owe $17 trillion as a country. and unless something happens, there is going to be disa catastrophe the likes of which we've never seen. so the leaders have to get together and they have to make the big deal. not a stop gap. i'm watching you this morning and they talk about the little deal, the little deal, there is no little step. it's on
we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there...
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you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a
you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a...
WHUT (Howard University Television)
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and the big question then becomes what is china's intention? (instrumental music) >> in a national call to arms defense secretary leon panetta warned the threat of a significant cyber attack against america is already here. >> the collective result of these kinds of attacks could be a cyber pearl harbor. >> what are the threats american's face in this century? with the attacks of september 11th, the u.s. has had to completely rethink how it defends its citizens. the enemy no longer a national armies but rather determined individuals. >> there are not going to be a lot of countries that are gonna be stupid enough to put tank armies out in the desert against us anymore to allow us to annihilate them. what the lessons of history of the last twenty years or so certainly teach us is that if you're fight us, you can have greater success by using terrorist tactics, by employing suicide bombers, i.e.d.'s, those kinds of attacks. >> that was probably the biggest impact on national security. we have non-nation state actors that can cause harm to the unit
and the big question then becomes what is china's intention? (instrumental music) >> in a national call to arms defense secretary leon panetta warned the threat of a significant cyber attack against america is already here. >> the collective result of these kinds of attacks could be a cyber pearl harbor. >> what are the threats american's face in this century? with the attacks of september 11th, the u.s. has had to completely rethink how it defends its citizens. the enemy no...
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fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we do get a deal, a lot of the extra tax
fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this...
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china has sent a consul to the region. a former australian fast bowler will be inducted into the hall of fame during his country's third test against she lenca this week. heals the highest number for test wickets, 563. the first tennis' grand slammer of the year is almost upon us. australia open of starts in the fortnight. she is currently in china in preparations for the millburn and then. last time, she is beaten in a third round. she needs to improve to win back a place in the top 10. >> we're trying to get ready in two weeks. we are just not ready for the matches. the australian open is where i had my most difficulties and i'm trying this year for better preparation to be more ready. i will try my best. >> as much of the world celebrate new year's eve, alex burton is celebrating his birthday. his office of member wish to united manager the best. >> happy birthday. congratulations. happy new year to him and his family. >> now to a good comeback story -- sweden [indiscernible] 1 hydro when a torn achilles' tendon ruin he
china has sent a consul to the region. a former australian fast bowler will be inducted into the hall of fame during his country's third test against she lenca this week. heals the highest number for test wickets, 563. the first tennis' grand slammer of the year is almost upon us. australia open of starts in the fortnight. she is currently in china in preparations for the millburn and then. last time, she is beaten in a third round. she needs to improve to win back a place in the top 10....
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Dec 31, 2012
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but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the day. right now seeing session highs of 1.2%. as you mentioned, apple shares providing a nice lift to the nasdaq. recent note from topeka capital, an insatiable appetite in hong kong and china for the ipad mini. some of the bullish commentary notes. facebook shares also up 2.6%. upgrading the stock from sell to buy, writing that facebook has ad spending from large brands. interestingly enough, look the at as in dab 100 just for q4, facebook made that list. other stocks on the list include yahoo! virgin media and green mountain coffee. sue, back over to you. >> thank you, seema. >>> we are waiti
but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the...
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i love big bird, i like you, too, but i'm not going to keep on spending money to borrow from china to pay for. >> labor protests against the largest private employer, walmart, is expanded to 28 stores in 12 states. organizers describe the action as the first retail workers' strike in walmart's history. >> i work in the warehouse in illinois. the conditions are terrible. a lot of safety issues, broken equipment that was not getting repaired. they would push us to work at a rate that makes it even more unsafe. we finally just had enough. we started to organize, we started a petition, just asking for basic rights. manager refused to take it, so that was the final straw. that was it and we walked out that day. >> from denver, colorado, this is a democracy now! special broadcast, expanding the debate. >> what i am most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hard- working americans. that is what people will be listening for, that is the debate you desert. >> my record is out there, proud of it. if people w
i love big bird, i like you, too, but i'm not going to keep on spending money to borrow from china to pay for. >> labor protests against the largest private employer, walmart, is expanded to 28 stores in 12 states. organizers describe the action as the first retail workers' strike in walmart's history. >> i work in the warehouse in illinois. the conditions are terrible. a lot of safety issues, broken equipment that was not getting repaired. they would push us to work at a rate that...
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opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on iran i think a lot of the bush crew might have already intervened and so you know as much of a warmonger as obama is there isn't a a a fortunate slight change in foreign policy from the bush years well what do you think what's the setting in america tell my foreign audience how americans are ending the year you know is a good mood i mean we have the newtown shooting which is really heart wrenching his america changed in this year. you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going to
opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on...
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mercenaries in syria and the fact that russia and china and iran stood firm on. the entire time table that nato had in mind to run this stabilization. and now the entire arab spring scenario is. it's not disintegrate it's becoming a nightmare one that spread to western allies in the region like bahrain for mass protest arrest and even death haven't provoked much global media coverage or any push for democracy. instead provocations like the film the innocence of a muslim made headlines and incited outrage across the arab world funded in the u.s. and considered highly offensive to islam the movie didn't go over well in states now run by islamist after post revolution polls in egypt and tunisia. u.s. embassies were left in shambles as flags burned and freedom of speech was back on the debate or tonight the film was banned in some countries like russia and defended by others like the states as a protected life of expression a right not awarded to whistleblowers like julian a song who had a busy year and here he was granted political asylum by ecuador after being rele
mercenaries in syria and the fact that russia and china and iran stood firm on. the entire time table that nato had in mind to run this stabilization. and now the entire arab spring scenario is. it's not disintegrate it's becoming a nightmare one that spread to western allies in the region like bahrain for mass protest arrest and even death haven't provoked much global media coverage or any push for democracy. instead provocations like the film the innocence of a muslim made headlines and...
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and it was shriver at the age of 85 who confronted the government of china in the organization's interest. and by 2007 their world summer olympic games were held in shanghai. shriver also advised the u.s. catholic bishops in drafting a letter on nuclear war issued in 1983, and he worked to influence the reagan administration to accept a no-first-strike approach to nuclear weapons. in 1993 president clinton presented him the presidential medal of freedom. this bare bones account of sargent shriver's life and achievements suggests but does not describe the spirit of a man who was a devout catholic and an inspired and inspiring father. how can we understand the spirit and motivation of such a versatile and resilient man? striving to understand sergeant shriver, i think of the inflated clown toy perhaps two-and-a-half or three feet tall favored by 2-year-olds around the world. and at the rounded bottom of the toy, there is a bag of sand so that no matter how often you push him down, he springs back upright again. it's great fun if you're 2, but sargent shriver was like that his whole life. no
and it was shriver at the age of 85 who confronted the government of china in the organization's interest. and by 2007 their world summer olympic games were held in shanghai. shriver also advised the u.s. catholic bishops in drafting a letter on nuclear war issued in 1983, and he worked to influence the reagan administration to accept a no-first-strike approach to nuclear weapons. in 1993 president clinton presented him the presidential medal of freedom. this bare bones account of sargent...
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then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of spending straw into gold and how long that will continue. a 5% return from stocks, 2% to 3% from bonds is something we should expect going forward even with the pluses that you mentioned. >> what about your outlook for gold? your outlook is that gold is going to move higher in 2013, and i would assume that's because you know the fed will be in the house. >> we think gold will move higher as will commodities. it is hard to say exactly how much. gold to my way of thinking is a function of real interest rates to the extend real interest rates continue low and even come lo
then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of...
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have -- he has already begun doing this, stab himself as an ideological cornerstone for his party. he can draw his party back to the reasonable center. >> do you suspect he will make the move? >> that will be hard for him especially with the wide open primary. >> let's move on to business in 2013. marisa mayer coming to yahoo! from google. >> the fact she's a woman, so very young, announced her pregnancy on the day she was announced as the new head of yahoo!. none of that matters to yahoo!. is she going to acquire apps, acquire a tech company? the fact that they released a new flicker that can compet
this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have --...
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what rights does an american have on north korea, iran, china, or for that matter indonesia and what rights does an american jew, gay or woman in chile and syria? what obligations we have to the french nation to suggest we are citizens of the world destroys our understanding of the term and weakens us at the performance of the duties of the citizen. one might say that the american power was the 1969 moon landing, and since then, we'll be successful the empire in history according to the greatest access to prosperity, happiness and public life and history have been on the decline. this decline has given as inevitable. nothing lasts forever. this period of diminishing american hegemony, however, may be one of calfee age. we are the owners of the country and its board of directors, and we may find the strength to reasonably consider the options open to us in this confusing time, none of them is perfect. and this is a time we must make a moral choice which is to say a choice between the two flawed or bad alternatives. if we do not choose, the choice will be made for us by those uninteres
what rights does an american have on north korea, iran, china, or for that matter indonesia and what rights does an american jew, gay or woman in chile and syria? what obligations we have to the french nation to suggest we are citizens of the world destroys our understanding of the term and weakens us at the performance of the duties of the citizen. one might say that the american power was the 1969 moon landing, and since then, we'll be successful the empire in history according to the...
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the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. first of all, it is kind of technical, but they tried to do it through legislation for 10, 11 years. that's cap and trade we are talking about. now in order to do it through regulation you have to have what is called an endangerment finding. we had our committee and i said i have a feeling you will have an endangerment finding so you can regulate something you have tried to do through legislation. i saw her smile. frankly i like her. she gives honest answers, at lea
the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept...
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china is the second-largest economy in the world. and definitely not a fiscal cliff there. but today's activity i thought was amazing when you consider there's still so much left undone and as john just said, everything he said was tax, tax, tax. >> amazing like a head scratcher? >> yeah. i get the fact we had five straight down days and we were oversold. i don't think you get a solution that rallies this market 2% tomorrow, even if it's everything everybody wanted to hear. >> right, the fact of the matter is, they may agree on taxes but taxes across the board pretty much are going higher and there's still the debt limit issue and then the spending cuts issue. >> that's the thing. you nailed it. the debt ceiling conversation is going to be a weapon of force and it's something that's going to be hanging over this market. i heard nothing about entitlements. a house that wasn't even going to vote for boehner's plan b, which was $1 million in terms of the tax increases. i'm a little skeptical and i'm more worried about what happens from here. >> i think tim hit it right on the
china is the second-largest economy in the world. and definitely not a fiscal cliff there. but today's activity i thought was amazing when you consider there's still so much left undone and as john just said, everything he said was tax, tax, tax. >> amazing like a head scratcher? >> yeah. i get the fact we had five straight down days and we were oversold. i don't think you get a solution that rallies this market 2% tomorrow, even if it's everything everybody wanted to hear. >>...
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chapter seven which provides for the use of sanctions on the use of force eventually and russia and china are convinced hundred percent that this would be a disaster and that this would be the beginning of a very slippery slope and will bring us to the libyans in the area which we cannot afford anymore and the region cannot afford the security council was once expended only in the category of not permanent members and no. after several decades of the council functioning in the unchanged composition there is a very strong movement towards expanding its membership to better reflect the. pluralism of the of the world community and we are strongly in favor of this we are convinced that the developing countries and the first of all the new economic and financial leaders in the third world countries like india brazil for example that they must be represented in the security council and we would be in favor of making them new permanent members provided of course the decision is taken to create new permanent seats like yours said russia is permanently blocking attempts of some of your own securit
chapter seven which provides for the use of sanctions on the use of force eventually and russia and china are convinced hundred percent that this would be a disaster and that this would be the beginning of a very slippery slope and will bring us to the libyans in the area which we cannot afford anymore and the region cannot afford the security council was once expended only in the category of not permanent members and no. after several decades of the council functioning in the unchanged...